Forward-Looking Statements

This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the proposed transactionand business combination between Microsoft and LinkedIn, including statements regarding the benefits of the transaction, the anticipated timing of the transaction and theproducts and markets of each company. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend,strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions. Forward-looking statements arepredictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation, including but not limited to: (i) the risk that thetransaction may not be completed in a timely manner or at all, which may adversely affect LinkedIns business and the price of the common stock of LinkedIn, (ii) the failure tosatisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of LinkedIn and the receipt of certaingovernmental and regulatory approvals, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) theeffect of the announcement or pendency of the transaction on LinkedIns business relationships, operating results and business generally, (v) risks that the proposed transactiondisrupts current plans and operations of LinkedIn or Microsoft and potential difficulties in LinkedIn employee retention as a result of the transaction, (vi) risks related to divertingmanagements attention from LinkedIns ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against us or against LinkedIn related tothe merger agreement or the transaction, (viii) the ability of Microsoft to successfully integrate LinkedIns operations, product lines, and technology and (ix) the ability of Microsoftto implement its plans, forecasts, and other expectations with respect to LinkedIns business after the completion of the proposed merger and realize additional opportunities forgrowth and innovation. In addition, please refer to the documents that Microsoft and LinkedIn file with the SEC on Forms 10-K, 10-Q and 8-K. These filings identify and addressother important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in thispresentation. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Microsoftand LinkedIn assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.Additional Information and Where to Find ItNothing in this presentation shall constitute a solicitation to buy or subscribe for or an offer to sell any securities of LinkedIn or Microsoft or a solicitation of any vote or approval. Inconnection with the transaction, LinkedIn will file relevant materials with the Securities and Exchange Commission (the SEC), including a proxy statement on Schedule 14A. Thisfiling does not constitute a solicitation of any vote or approval. Promptly after filing its definitive proxy statement with the SEC, LinkedIn will mail the definitive proxy statement anda proxy card to each stockholder entitled to vote at the special meeting relating to the transaction. INVESTORS AND STOCKHOLDERS OF LINKEDIN ARE URGED TO READ THESEMATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT LINKEDINWILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT LINKEDIN AND THE TRANSACTION. The definitiveproxy statement, the preliminary proxy statement and other relevant materials in connection with the transaction (when they become available), and any other documents filed byLinkedIn with the SEC, may be obtained free of charge at the SECs website (http://www.sec.gov) or at LinkedIns website (http://investors.linkedin.com) or by writing to LinkedInCorporation, Investor Relations, 2029 Stierlin Court, Mountain View, California 94043.LinkedIn and its directors and executive officers may be deemed participants in the solicitation of proxies from LinkedIns stockholders with respect to the transaction.Information about LinkedIns directors and executive officers and their ownership of LinkedIns common stock is set forth in LinkedIns proxy statement on Schedule 14A filedwith the SEC on April 22, 2016 and will be set forth in the proxy statement and other materials to be filed with SEC in connection with the transaction.

June 13, 2016

Worlds Leading Professional Cloud +

Worlds Leading Professional NetworkMicrosofts and LinkedIns vision for the opportunity ahead

Hi Jen, you are meeting with Sam next.

You and Sam both went to theUniversity of Washington and youboth know Cindy Smith. Good news,the Huskies won last nights game.Do you want to look at Sams profile?Do you want to see your meeting historywith Cindy and Sam? Also, ok if I sharethe presentation for today with Sam?

LinkedIn can utilize Microsofts field and distribution

channels to reach new audiences and more customersAccess to Microsofts scaled cloud infrastructureand technology stackIncreased Bing engagement with thebest professional searchLinkedIn feed with Windows notificationsEmpower developers in new ways with rich APIsand new training opportunity

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We plan to obtain regulatory approval in the

United States, the European Union, Canadaand Brazil before closing the transactionWe are confident about our prospects for obtainingregulatory approval by the end of this calendar yearWe believe the merger is highly complementary and willbenefit consumer and enterprise users who will achievemore through our joint innovation and new scenarios

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Structure $196 per share, $26.2 billion enterprise value All cash consideration Expected to close by the end of this calendar year

Financing Purchase price to be financed primarily with new debt

Financial Impact Minimally (~1%) dilutive to non-GAAP EPS in FY17 and FY18 based on expected close date Accretive to Non-GAAP EPS in FY19 or less than two years post closing Non-GAAP includes stock based compensation expense consistent with Microsoft's reporting practice, and excludes

expected impact of purchase accounting adjustments as well as integration and transaction related expenses $150 million of cost synergies annually by 2018

Capital Return Program

Previously announced share buyback program (~$10B remaining) will be completed on schedule

Financial Reporting Currently expect to report results for LinkedIn post close in our Productivity and Business Processes segment New KPIs will be finalized prior to close